Stadium Latest

Quoted from toontown

surely not anything like all the houses will be priced at a quarter of a mill? or am i missing something?

I think that figure was plucked out of the air for the sake of creating a simple calculation of what sort of money is involved overall.

In reality the average price will be lower, but then there'd be more lower value houses and you'd get more of them in the same space so it'd partly balance out.

The report quotes an average price for NEL of £110k if I remember right. But that includes a lot of old houses and new ones seem to sell for higher prices.

Quoted from Swansea_Mariner

How have we got no hand, we hold the ace card no gtfc = no land sale, no housing, no project = no opportunity for profit.

housing could be built at any time without a stadium add on...the lack of a developed local plan by the council has already allowed several developments to be ridden straight through the council planning "objections" by any determined developer.

If you to know about funding of it, it's in the document at the beginning of this thread.

I lost the will to live about halfway through.

The Coventry situation is how not to do it. A consortium built it, with a hotel and casino attached to the stadium. They charged City a million and a half quid a year in rent. They keep all the revenue from food and drinks, and keep the £22 per car parking charge.
The only revenue the club get is from match day ticket and program sales.

Coventry council are a partner in the consortium, so the football club is being shafted by its own council.

The club renegotiated a better deal after they moved out, but I'm not sure what, but I bet they are still getting shafted.

Quoted from moosey_club

...800k potential revenue for selling BP is the only real cash we can input ..........

Doubtful it will be a cash injection as BP is mortgaged up to the hilt, isn't it?

Will the bank trust us with a £30m loan though?

Football clubs are precarious, what happens when Fenty's had enough? Where do we get money from then?

Quoted from HertsGTFC

What I would like to know is what is the risk involved for the football club with this project. Though I don't know all the details the Darlington and Coventry examples worry me.

I think the risks of not proceeding with this project or any new ground plan are greater for the club! Blundell Park is way past it's sell by date and no amount of development to the ground ( even if the council were to grant planning permission for it ) will alter the total unsuitability of the facilities available for other than match day income flows. Although JF has stated that his loans to the club are benign and he wouldn't recall them to the detriment of the club, this is a situation that could be out of his control. It's not beyond the realms of possibility that the Main Stand could be refused fire insurance cover ( it is a totally wooden structure) . If that happens then what does the club do? It would be totally stupid to throw money away on a replacement stand and still have the same short comings for the ground as a whole. Does the ground have to meet any requirements by the FA or FL and if so how much longer can our ground, as it stands, meet those requirements.

Blundell Park is not mortgaged. It is owned by the club.

New article from CA this morning makes the point that the principle argument for building the new ground - that it will make the club more 'sustainable' - is based on flawed logic.  They say that the club will still spend more than it makes because there will inevitably be demand for higher spending on players in order to produce evidence that the move has benefited us.

But this misses the point in my view.  'Sustainability' is not about whether the club runs at a net profit or loss.  It's whether the current operating loss can be reliably maintained by the assets - infrastructure and personnel - that it holds.  We simply must invest in our assets to maintain them.  A juicier income stream will enable better expenditure on infrastructure that badly needs improving if we are to survive, let alone progress.  This venture will of course be a risk, but is it a bigger one than staying put?  Rancido makes some good points; how long do we have until these risks inevitably crystallise?

Nostalgic sentiment towards BP has mostly evaporated.  This investment is long overdue.

More money on players generally leads to a better performing team, a better performing team leads to increased income through greater gate receipts/food sales/merchandise.  

Plus car parking if that is to be ours.

Quoted from moosey_club

housing could be built at any time without a stadium add on...the lack of a developed local plan by the council has already allowed several developments to be ridden straight through the council planning "objections" by any determined developer.

Yes of course, but as the report says this is considered high quality land, which will be 'shovel' ready with planning permission granted. This will be a huge attraction to a developer in terms of final profit and time to completion.